Whether you are a first time buyer starting out on the property ladder, simply moving home or are looking for an investment property to rent, it is likely you will need a mortgage to help you make your move.

Alternatively, you may be looking to capitalise on the growth in value of your property to help you with other projects. Re-mortgaging a property to provide money for a business, home improvements or perhaps debt consolidation is now a very common occurrence.

Even if you are staying in your current property re-mortgaging can be attractive as you may find that we are able to save you money in your monthly mortgage repayments.
The mortgage market is booming. The choice of mortgage lenders has multiplied as have the number of different mortgage types. There are now products to suit the needs of almost every borrower.

Finding the mortgage suitable for your circumstances can be a problem simply because of the increased choice. You can be assured that Burns-Anderson have the knowledge to guide you through the mortgage maze. Our advice is 100% independent and unbiased and can help you find the deal that best suits your needs.
Alternatively, if you require a new mortgage we can access the best rate for you from the whole of the market.

There may be a fee for mortgage advice, although this is normally paid by way of an introduction fee from the lender we arrange your mortgage with. The precise amount of any fee will depend on your own circumstances, but typically this could be 0.4% of the amount borrowed.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Whether it’s because you’ve won money on the lottery or want to build up a tidy nest egg by saving on a regular basis, your money should be wisely invested so that its spending power is protected for the future. Leaving large amounts of money on deposit in banks and building societies may not be the best long-term answer.

Although these accounts are seen as the traditional safe haven, recent years have seen interest rates being reduced sharply and deposit accounts may not now even be keeping the value of your money in line with changes in retail price inflation.

Many people recognise that to achieve better long-term protection for their money against the effects of inflation, it is often worth considering ‘equity’ or ‘property’ related investments. You could gain access to equity and property investments either directly through buying shares or indirectly by investing in investment products such as Unit Trusts, Investment Trusts or perhaps even a Life Assurance Policy. Please bear in mind that when investing in such products you may not get back the full amount of your investment.

If you currently have a ‘with-profits’ investment you may have read some adverse comments in the press recently about their on-going viability. We can use our links with independent actuaries to ascertain the likely future performance of your investment and whether it is still appropriate for your needs.

Alternatively, you may be planning for the cost of your child’s education, whether it is for school or higher education. Planning for education expenses is far more common than it used to be and has become a high priority for a number of families. In the past most children went to state schools and finished their education at school leaving age. Times have changed. Different educational practices have led to a greater number of children continuing their education into their late teens or early twenties.

This has created new financial demands on families, many of whom need to plan for the financial commitment of a child’s higher education. These new commitments relate not only to the fees but also involve meeting the young person’s living expenses whilst at college or university. This has become particularly important since the changes to student grants.

We can use our independent staus and extensive experience to recommend personally tailored solutions to meet all your savings and investment needs

Pensions
Most people recognise that it is wise to plan for their retirement. This is especially true for those who are hoping to retire before the usual State Retirement ages.

Putting aside a regular amount of money during your working life is probably the best method to ensure that you will have sufficient income during your retirement. Investing into a Pension plan has historically been the most popular method of making these regular commitments. The tax advantages offered by the UK Government provide the opportunity for your Pension Fund to grow with virtually no tax. You are also currently allowed to draw a significant amount of your pension fund as a lump sum free of tax.

It is becoming increasingly popular for people to use other methods of saving money for their retirement, such as ISA’s. Whilst these products do not necessarily offer the same level of tax benefits as traditional pensions, they can offer greater flexibility.

Pensions planning can be complex. When dealing with Burns-Anderson you can be assured that we will take the time to explain all the options available to you, to ensure that you make the most of your retirement

Lifetime Mortgages
If you are over 60 and have a need for a capital lump sum or increased income taking out a lifetime mortgage may be appropriate for you. In most scenarios you do not make any repayments to the lender as the interest in the mortgage is rolled up and only payable on death.

To understand the features and risks, ask for a personalised illustration